@Brandon Turner  Looks like he interviewed one of the guys for his article. 

They are just going to use their 2nd VA loan to buy their next one while this one is tied up. 

I know one person that did this recently and was able to negotiate no money down and 12% over 5 years but this was probably in the mid west.

I plan on living in one side and renting the other side out. 

If you want to combine two or more lesser sales into one higher purchase that is fine as long as your purchase meets the timing requirements for each sale.  

So, Anca, your parents can 1031 from one property into more than one. 

Here’s a bit of background on my current situation:I own one rental property that generates $1,900 per month in rental income, and it is paid off ($300K).My primary residence is also paid off ($288K).I’m currently building another rental property with cash ($200K).

Quote from @Michael Overall:I understand the utilities will go to basis, on the interest is it able to be yearly deducted based off the conversation you referenced if using form 4952According to one of my colleagues on that thread - yes.According to court - no.

Here's another one:  Went to a Tax Sale where there was a "vacant" lot for sale of about 1 acre in a desirable suburban area. 

I'm having a hard time believing that as I've never seen one installed like this.